Electric Discharge Machine (EDM) Market: An Insight On the Important Factors and Trends Influencing the Market 2019 - 2027
According to a new market report pertaining to the global electric discharge machine (EDM) market published by Transparency Market Research the global electric discharge machine market is projected to reach a value of US$ 6.1 Bn by 2027. The electric discharge machine market is expected to expand at a CAGR of ~ 6% from 2019 to 2027 , in terms of volume. Industry 4.0, widely known as smart factory, is considered the fourth era of industry that merges automation and computing, which can drive the manufacturing sector to move from machine tools to high quality assurance tools. Industry 4.0 includes cyber-physical systems, factory simulation, autonomous robots, cloud computing, Internet of Things (IoT), cognitive computing, and additive manufacturing. Industry 4.0 can help simulate, design, and take care of physical processes in manufacturing factories with electric discharge machines for cost-effectiveness. It also ...